💨 Abstract

Ola Electric, India's top e-scooter maker, reported a narrower Q2 loss, with a 39.1% revenue jump due to mass model sales. The company attributed the recent surge in service requests to minor issues and regular maintenance. However, service challenges were acknowledged, with sales growing faster than the service network. The shares have fallen 5.5% since the market debut in August, and regulatory scrutiny and consumer complaints over service persist.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖